Polygon Labs and StarkWare collaborate on Circle STARK for ZK Rollup. Circle STARK promises faster and cheaper transactions on layer 2 networks. The joint effort signals a commitment to innovation in the Ethereum scaling environment. Polygon Labs and StarkWare, usually fierce competitors in the Ethereum scaling race, have put aside their rivalry to unveil a new area of cryptographic proof called “Circle STARKs.” Known for its participation in the controversial Starknet blockchain, StarkWare has been a prominent developer in the layer 2 space. On the other hand, Polygon, which holds the widely used MATIC token, is a key player in…
Author: Crypto Flexs
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A closely followed cryptocurrency strategist is predicting significant gains for two artificial intelligence (AI)-related altcoins, including Worldcoin (WLD). Ali Martinez told his 46,500 followers on social media platform Filecoin’s decentralized network offers a cheaper alternative for data storage, making the cryptocurrency project attractive to AI companies looking to store large data sets. According to Martinez, FIL stands to gain around 200% if immediate resistance is removed. “Filecoin is trading within a parallel channel on the 3-day chart. Note the resistance occurring at the upper boundary of the channel set at $8.50. If this barrier is successfully breached, the price of…
February 16th What is Starknet (STRK)? Posted at 15:58h education by admin Developed by StarkWare, StarkNet represents a cutting-edge layer 2 scaling solution designed to improve scalability and privacy of blockchain networks, with a specific focus on Ethereum. By leveraging zero-knowledge rollups (ZK-Rollups), StarkNet can process thousands of transactions off-chain before bundling them into a single transaction on the Ethereum mainnet. This approach significantly reduces the gas fees and network congestion typically associated with Ethereum’s high transaction volumes, making blockchain applications more efficient and accessible to a wider audience. One of StarkNet’s core technologies is STARK (Scalable Transparent ARgument of…
Posted 1 minute ago In ~ Singapore-based Web3 company Startale Labs has secured an additional $3.5 million in an extended seed round from UOB Venture Management, a subsidiary of Singapore bank UOB, and Samsung Next, the CVC arm of Samsung.The newly raised capital brings total seed round funding to $7 million, Startale said in a statement shared with The Block today. Previous $3.5 million investment From Sony Network Communications in June last year.The company said it plans to use the new funds to hire top talent and develop its web3 product.Sota Watanabe, CEO of Startale Labs, said, “Even though Startale…
Pudgy Penguins expands the Pudgy Toys line to 3,100 Walmart stores, including 30 exclusive toys, demonstrating growth from digital NFTs to tangible consumer products with royalty payments through OverpassIP. Nationwide expansion Pudgy Penguins, known for its digital NFT collections, is expanding its retail footprint with an expanded toy collection available at major US retail chain Walmart. As of February 20, 2024, Pudgy Penguins announced that its Pudgy Toys line will be stocked in an additional 1,100 Walmart stores, bringing the toys to a total of 3,100 Walmart stores nationwide. The move marks a significant expansion of Pudgy Penguins since they…
Web3 venture capital firm Hack VC is committed to staying the course after weathering “at least three bull market cycles,” the company said yesterday, announcing its first venture fund. The company said it raised $150 million for the fund “opportunistically in a bear market.”This venture funding round follows Hack VC’s first $200 million cryptocurrency funding that closed in February 2022. Combined with other investment vehicles, the firm’s total assets under management currently exceed $425 million.Co-founders and managing partners Alex Pack and Ed Roman said they are used to dealing with doubters.“At every turn, we deal with institutional investors who dismiss…
forever coin rise As Bitcoin continues to attract the attention of investors and the general public alike, a new cryptocurrency called Forever Coin has emerged. This new digital currency is gaining momentum due to its unique features and growth potential. In this article, we’ll look at why Forever Coin is worth considering as your next investment in the cryptocurrency space. Why Forever Coin? Forever Coin stands out from other cryptocurrencies due to its innovative technology and powerful use cases. The creators of Forever Coin have developed a blockchain platform that offers faster transaction times and lower fees compared to Bitcoin…
February 21, 2024, London, UK, Chainwire Bitcoin Dogs has now raised a total of $3.1 million in its historic first six days of pre-sale. The project’s BRC-20 token, 0DOG, is the first ICO on the Bitcoin blockchain. Bitcoin Dogs recently broke new ground in the Bitcoin ecosystem by leveraging the Ordinals protocol, and the team plans to launch a 10,000-piece NFT collection later this year. The opportunity to be part of history has been a key selling point for the brand, with the token price rising every three days until the pre-sale ends on Friday March 15, making the token…
Financial markets were recently shocked by the news that billionaires have liquidated large portions of high-profile stocks. These actions raised questions such as: Should the average investor follow suit, especially when it comes to cryptocurrencies? Mark Zuckerberg’s sale of $428 million worth of Meta stock, Warren Buffett’s reduction of his stake in Apple, and Jeff Bezos’ massive sale of Amazon stock are prime examples of this trend. Billionaires Sell Tech Stocks After a hiatus since November 2021, Zuckerberg took advantage of Meta’s incredible 194% surge last year. He sold about 1.28 million shares, taking home nearly $500 million. Nonetheless, he…
If the price of MATIC rises while DOT stagnates, the latter position may be taken. Sentiment surrounding DOT was bearish and MATIC was bullish. Polygon (MATIC), currently the 14th most valuable cryptocurrency, was close to overturning Polkadot (DOT) at press time. Polygon’s market capitalization was $9.17 billion, according to CoinMarketCap. On the other hand, Polkadot’s market capitalization was $9.39 billion. Needless to say, the differences between the two projects do not appear out of nowhere. However, as interest in MATIC grows, DOT may plateau. Market capitalization is a product of price and circulating supply. Therefore, it is important to consider…